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Jan 28, 2013
01/13
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and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able to tell for the next election of what they did. they recognize that the president has had a lot of capital. he will use it. but for them, and it's not -- we talked about, they're split but there are some people saying thousand can we influence things? -- saying how can we influence things? chris: why don't they start passing bills in the house on background checks? >> more willingness to move forward on immigration than anything that hags the word gun in it. chris: thank you. when we come back, scoops and predictions right from t ♪ secondhand smoke affects everyone's health. it's not just
and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able...
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Jan 23, 2013
01/13
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>> what is a guy making $100 million tax him 60%? the same thing your tax worries are. >> john: not quite 60%. >> upwards of that figure. >> john: rick? >> i'm shocked we ever had arnold palmer. he was playing golf at a time when taxes were 90%. i don't know why he even bothered. >> he makes $100 million. you expect him to try to get by on $40 million? that seems unreasonable. >> we're planning to have a telethon for phil. >> my point is people criticize him for the money he's making. what is he complaining about? they think he's making $100 million a year. you live a $100 million a year. >> i criticize him for his drives. >> john: the last word on this, the subjects of every state ought to contribute toward the support of the government as nearly as possible in proportion to their respective abilities that is in proportion to the revenue which they respectively enjoy under protection of the state. raging socialist adam smith and the wealth of nations 1770. >> hippy! >> john: my panel is stay with me after the break. when we talk abo
>> what is a guy making $100 million tax him 60%? the same thing your tax worries are. >> john: not quite 60%. >> upwards of that figure. >> john: rick? >> i'm shocked we ever had arnold palmer. he was playing golf at a time when taxes were 90%. i don't know why he even bothered. >> he makes $100 million. you expect him to try to get by on $40 million? that seems unreasonable. >> we're planning to have a telethon for phil. >> my point is people...
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Jan 26, 2013
01/13
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there were a lot more taxes then i might have put in there. but they decided from the beginning they weren't going to support it. i worked very hard to try to get republicans at least a few republicans to come aboard on health care. and in the end, nobody would because they decided they would oppose it. i think he's accepted that is in a sense the starting point of where things are and so he's going to try to adopt a different approach. yes, i want to work with people who are prepared to have a sense of common ground but he's not saying, i'm going to go to the middle or bend over backwards to compromise. i mean, in the weeks after the election, he drew some very clear lines on fiscal cliff, for example. i mean he said, tax rates on wealthy individuals had have to go up. that's a firmer way of approaching these then he sometimes did in the past. >> dan, one of the things that was very different from his first speech is that this speech he didn't appear to talk to republicans. and nor did he reach out to the middle. when we talk about that it wa
there were a lot more taxes then i might have put in there. but they decided from the beginning they weren't going to support it. i worked very hard to try to get republicans at least a few republicans to come aboard on health care. and in the end, nobody would because they decided they would oppose it. i think he's accepted that is in a sense the starting point of where things are and so he's going to try to adopt a different approach. yes, i want to work with people who are prepared to have a...
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Jan 21, 2013
01/13
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he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second term. george bush had a higher approval rating. certainly, dwight eisenhower did. richard nixon did. we are reminded, it is rare that it goes up markedly from there. it usually stays or goes down. what do you hear he will do to keep that capital going? >> back capital, as you say, tends to go, depending on how the country goes. if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing
he did allude to rewriting the tax code. something that perhaps democrats and republicans have been talking about doing. two very different approaches on how to do that. there is a sense of togetherness, neil, that tends to go away when you get back into governing. now, that continues to roll into governing the country. it is not easy. neil: it is very clear that this president has the support of the american people, although, his popularity is not as high as many who come into their second...
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Jan 23, 2013
01/13
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tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a bad idea from start to finish. so the republicans made a hundred steps forward and took back either one or 15 steps and then obama locked it in. why? largely because democrats in the senate did not want to be attached to the size of tax increases that the president wanted. so he has a democrat senate that's not as left wing as he is. reid may be, but reid has to take care of his own. and a republican house elected every bit as much as he was. >> let me bring jake back. you got an update from the white house about this. >> well, just what his next hundred days will look like. obviously he's talked about trying to combat gun violence and we'll see efforts legislatively right off the bat on that. also, of course, immigration reform. the president has talked about how he wants to tackle that early on in his second term. so immigration reform. that is an area that grover can talk about at length where republicans the
tax cuts in terms of who was affected. these are tax cuts the democratic party has run against for 12 years as a bad idea from start to finish. so the republicans made a hundred steps forward and took back either one or 15 steps and then obama locked it in. why? largely because democrats in the senate did not want to be attached to the size of tax increases that the president wanted. so he has a democrat senate that's not as left wing as he is. reid may be, but reid has to take care of his own....
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Jan 22, 2013
01/13
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it was all tax increases. $15 million in spending cuts. republicans have to get their acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the sense that they want to say enough of this pr stunt. let's take the falls off the table but let's get to the real essence of spending cuts. the president is going to keep coming back. but it's more revenue. but it's more tax increases. we knew that in the campaign. neil: there is this paraphrase between the rich and the poor that you alluded to. maybe he has not done this. >> i don't think he is done on more tax increases. neil: more deductions? >> deductions and perhaps more rate hikes. this was alluded to during the fiscal cliff talks by various democratic l
it was all tax increases. $15 million in spending cuts. republicans have to get their acts together to negotiate better on the debt ceiling and other things. neil: what is the overture on the republican party? saying that they are going to push for a three-month extension? >> sure, what i read in it was from a pr standpoint in saying that gets all is a bad idea and will hurt the economy. and for economy a year and a half ago. republicans are saying that maybe it's a smart move in the...
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Jan 21, 2013
01/13
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we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first time around as a good way to sort of change the system and bring in more revenues at the same time. now it looks like democrats including nancy pelosi say, no way, there is more revenue can come from this wealthy group. one of them is high-profile golfer looking to evade all of this apparently. >> the news broke this morning. talking about phil mickelson. he is california-based and he has had it with taxes. he says he is going to take dr
we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha:...
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Jan 23, 2013
01/13
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he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would like to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to solve the problem because the red here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line dramatically going up to 2040. so as you can see, there's not enough revenue you can raise without completely shutting down the economy and solve the problem. in fact, it produces a rather static and totally insignificant amount of revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people assume the more successful guy dow
he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would like to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to solve the problem...
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Jan 26, 2013
01/13
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i think this administration would much rather focus on guns and taxes and other social issues and not deal with the quagmire that is the middle east. the bush years were deep in iraq and afghanistan trying to get between the sunni and shia fight and i think this administration would rather not deal with it. sounds great, but i don't think that's an option because the foreign policy and the rest of the world comes knocking on your door and the way things are heading right now while we would like to ignore it or not i don't think we'll be able to. >> nbc's chief foreign correspondent richard engel, always good to see you. the invitation is open. i know you're not stateside much, but when you are, come back. >> i look forward to. >> now to what could shape up to be the senate race in 2014, the battle in kentucky. senate minority leader mitch mcconnell will be making a bid for a sixth term there and there's speculation that he could face a democrat who is pretty well known in her own right. her name is ashley judd. she made several appearances at inaugural parties last weekend and judd to
i think this administration would much rather focus on guns and taxes and other social issues and not deal with the quagmire that is the middle east. the bush years were deep in iraq and afghanistan trying to get between the sunni and shia fight and i think this administration would rather not deal with it. sounds great, but i don't think that's an option because the foreign policy and the rest of the world comes knocking on your door and the way things are heading right now while we would like...
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Jan 26, 2013
01/13
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i think we have too many taxes and i think we have too much of all of that. if we start to get rid of that, people have better clarity and a better outlook, but i will add one thing. >> kelly: real quick. >> add one thing, kelly. people need to really evaluate their own businesses because the move that they have may not match up with the actual numbers in the business and do a full analysis on your own business. >> kelly: we'll end it there, ed butowsky, so good to have you always, have a good day. >> jamie: a dangerous blast of arctic air is locking much of our country in the deep freeze. how much longer will be sub-zero temperatures left? brrr! a live report in just minutes. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour r
i think we have too many taxes and i think we have too much of all of that. if we start to get rid of that, people have better clarity and a better outlook, but i will add one thing. >> kelly: real quick. >> add one thing, kelly. people need to really evaluate their own businesses because the move that they have may not match up with the actual numbers in the business and do a full analysis on your own business. >> kelly: we'll end it there, ed butowsky, so good to have you...
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Jan 29, 2013
01/13
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you have to pay taxes. you are going pay a fine. there will be some admission of wrong doing. so it is not amnesty in any sense of the word. >> chris, susan was just talking about warmer temperatures today. it does feel different. maybe we're just all so hungry for anything that's bipart sfwlan, but this seems to be real. >> it does seem to be real. i would say that i think what senators mccain and schumer are talking about is the nub of the issue. particularly can republican members of congress convince their -- themselves and the people who elect them that this path to citizenship clause is tough enough that it doesn't amount to just saying, well, it's okay. you broke the rules. you can still be in this country. that's always been the tough thing. look, this was the same john mccain who when he was faceed in a primary chalening 2010 had an ad in which he is walking a border talking to a sheriff and says we need to complete the dang fence. the politics of this issue in the republican base are not as simple as they might look right now. i would say the involvement of a marco r
you have to pay taxes. you are going pay a fine. there will be some admission of wrong doing. so it is not amnesty in any sense of the word. >> chris, susan was just talking about warmer temperatures today. it does feel different. maybe we're just all so hungry for anything that's bipart sfwlan, but this seems to be real. >> it does seem to be real. i would say that i think what senators mccain and schumer are talking about is the nub of the issue. particularly can republican...
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Jan 26, 2013
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take your money and taxes, tell you cannot worship your god. you cannot send your kids to a better school. is it fear the government tells you that you cannot run that business? is it fair that the government -- what they do without saying it -- i really think that should be a common language. the other thing is, start with a solution. we have this terrible habit of starting with a problem. it is like, everybody knows what the problems already began with a solution. start with a solution and say i have a great 3 part plan to do x. if he said, oh, my god, johnnie cannot read and joey is a thug. i am going to turn the channel. i will go back to reality tv because it is less incendiary. i also just happen to be somebody who believes that we cannot dial test and alexa, our way into prosperity -- lexicon our way into prosperity to all americans. i do not like to group them. the way i say that is, it is hard to be honest. you cannot say in seven seconds what free markets and limited government really means. it takes a little bit of explanation. at th
take your money and taxes, tell you cannot worship your god. you cannot send your kids to a better school. is it fear the government tells you that you cannot run that business? is it fair that the government -- what they do without saying it -- i really think that should be a common language. the other thing is, start with a solution. we have this terrible habit of starting with a problem. it is like, everybody knows what the problems already began with a solution. start with a solution and...
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Jan 21, 2013
01/13
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he should recommend a creative revision of the tax laws, the serious debt and debt reduction program. he should have congress enacted budget which has not occurred for the past three years. he might come up with a proposal for inventing public-private partnerships to improve infrastructure, including the electric grid. and, of course, continue to encourage energy independence. the resolution of the supply of unfilled housing should be tried but only if a reelected barack obama can somehow find a unique instrument required to work with this administration to move to the center and discover ways to reach meaningful compromise with the congresswoman to pass legislation that this country so desperately needs. although it's not a -- one can ask will he be reelected. historically rarely have presidents been real elected to a second term with popular ratings in the 40% level, which is where obama rests, but so does romney. interesting to note that only three of the 19 presidents elected to a second term as relatively less popularity ratings at the time of their reelection. these are woodrow
he should recommend a creative revision of the tax laws, the serious debt and debt reduction program. he should have congress enacted budget which has not occurred for the past three years. he might come up with a proposal for inventing public-private partnerships to improve infrastructure, including the electric grid. and, of course, continue to encourage energy independence. the resolution of the supply of unfilled housing should be tried but only if a reelected barack obama can somehow find...
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Jan 21, 2013
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tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the inf treaty. host: a speech in june of 1987 in berlin. [video clip] >> we welcome change and openness. we believe that freedom and security go together. the advance of human liberty, the advance of human liberty can only strengthen the cause of world peace. there is one sign that the soviets can make that would beunmistakable, that would advance dramatically the cause of freedom and peace. general secretary gorbachev, if you seek peace, if you seek prosperity for the soviet union and eastern europe, come to this gate. mr. gorbachev, open this gate. mr. gorbachev, tear down this wall.
tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the inf treaty. host: a...
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Jan 28, 2013
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and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to deficits, when it comes to debt. george w. bush added $6 trillion in debt, the president, $6 trillion over one term. but democrats are going to have to look at medicare and medicaid. this just can't -- you can't tax your way to solvency, can you, with these programs? >> you can't. i mean, we have made over $1 trillion in cuts at the last continuing resolution. that was a good thing. we've raised revenues, $600 billion in revenue, that was a positive step. we've got, joe, at least $2.5 trillion to go. and i think richard's right. i'd say it
and we've done a lot of the tax. we really can't get there through further tax increases or through discretionary spending. it's got to be through entitlements which means the health care sector. if we don't get serious about it, we are going to make ourselves extraordinarily vulnerable, and the president didn't do it so far. one hopes he does it in the state of the union. >> ed, republicans have had a terrible record over the past decade when it comes to spending, when it comes to...
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Jan 21, 2013
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as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did that. president reagan did that. it is more of a model that reagan used. you will see him apply that to all of the issues in the pipeline. host: let me go back to something the president said in his address today. he talked about life, liberty, and the pursuit of happiness. in terms of the tactics of moving ahead on the guns agenda, we also heard the president last week talking about the inalienable rights of the average american, and that includes protecting our children. you can see a different twist on the constitut
as well on the tax cuts. the president agreed to extend the tax cuts, and even republicans privately said they were surprised they got a clean extension from him. there certainly is the impression the president compromise too much in his first term. that is why you see this different approach that we've been talking about since the beginning of a more aggressive, combat of obama, but also on obama that reaches out to the public to try to bring public pressure to bear on republicans, and who did...
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Jan 21, 2013
01/13
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one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meetin
one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on...
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Jan 21, 2013
01/13
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CNBC
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tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get moving. >> you know, this speech had the word research labs in it at one point. i challenge you to find another -- >> that's poetry right there. >> right. underscoring the point about the gran u lart here. progress does not compel us to settle the debate about the role of government for all time but it does require us to act in our time. hampton pearson is on the west front of the capitol and can describe what's going on there now. hampton? >> well, number one, we've got of course a wholesale exodus of all the vips on the platform. a huge po
tax reform was in this speech. it's rare to get this number of -- >> would you have liked more poetry in the speech? >> i personally would have liked more poetry. i think the country needs more uplifting at this point, to be brought together. this one line in the speech which goes to the heart of the pragmatism, we must act knowing that our work will be imperfect. you know, i think he's saying to the whole of the washington establishment, we can't have it all but we have to get...
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Jan 27, 2013
01/13
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bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but without medicare cuts. look poll, 58 percent, no cuts. what tour make of this? >> and 89 percent of the people do not want to change anything to do with medicare. the speech that he made, i agree, it is a left wing speech but done in the context, i can get away with it. the republicans have collapsed. they are in disarray. that line, they do not make us a nation of takers, he is bringing up the 47 percent comment by romney, still a political speech, the republicans are nonexistent in this debate. they cannot counter him and offer up a
bigger government and more taxes. what was interesting about the speech, it was so uncompromising in the sense there was no discussion whatever about the economy. i heard nothing about the economy or nothing about debt or the fact this country is going broke, it was about expanding government. as doug said, it, in an effort to move left, the reality of the times is going to fit in but he has made his hard play. that is what it was. >>gregg: americans want the deficit to be addressed but...
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Jan 28, 2013
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it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney and obama were 43 and 44% each. you need 51% or above to win. the obama people kept adding points for women, immigration, hurricane sandy. they were able to get their realization that economy may be most important,, but it is not the only thing. you only had to choose one candidate, you do not have to choose one issue. where do people who believe in free well, human reason, intelligence and your ability and have issues that are important to you. now republicans dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. t
it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney...
WHUT (Howard University Television)
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Jan 22, 2013
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be. >> anyone surprised by the specific things he brought up, he mentioned climate change, mentioned tax reform, it was a small -- not a big laundry list but a small list. >> he addressed a generational side, we're not going to sacrifice or surrender our responsibility of the generation made this country on the altar of getting the generation. we as americans can do both. >> talking about the generation. >> that we have responsibility to those who made the country and those that will make the next counsel tree that will be america, whether it's education or training or whatever else. i just wanted to give just shout out to the brooklyn tabernacle choir. which i thought was just phenomenal. also lamar alexander, which was really exceptional and the -- not that the others weren't fine but they were. i thought the poet was great. >> that gives us an opportunity to speak more broadly about the ceremony it wasn't just the speech. the speech is at the heart of it, we can come back to that. we'll watch the president, vice president, go in to a room in the capital which they're going to sign the
be. >> anyone surprised by the specific things he brought up, he mentioned climate change, mentioned tax reform, it was a small -- not a big laundry list but a small list. >> he addressed a generational side, we're not going to sacrifice or surrender our responsibility of the generation made this country on the altar of getting the generation. we as americans can do both. >> talking about the generation. >> that we have responsibility to those who made the country and...
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Jan 27, 2013
01/13
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CSPAN
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he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would lik to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to lve the problem because the red here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line dramaticall going up to 2040. so as you can see, there's not enough revenue you can raise without completely shutting down the economy and solve the problem. in fact, it produces a rather static and totally insignificant amount o revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people assume the more successful guy down the
he said we need more taxes, and we'll be back asking for more taxes later. so as nearly as we can tell, based on what he has said, the taxes that he would lik to add to the ones he got by operation of law two and a half weeks ago is this light blue line right across here. so if the president were given all the tax increases he says at the moment he wants, that would provide this amount of revenue going out to 2040. as you can see, madam president, that doesn't do anything to lve the problem...
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Jan 26, 2013
01/13
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CNBC
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we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tr
we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have...
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Jan 22, 2013
01/13
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interesting comments from phil mickelson, talking about his tax rate in california going up to 13%. he says a couple days ago that he has to pay now 62% to 63% in taxes, he might retire from golf, might leave california, might leave the country. he has since, late last night, reportedly backtracked on those comments and some say there's no way to humanly pay that much in taxes. but it raised an interesting point, not great pr for a guy whose net worth is more than $150 million. but he is a republican. also want to point out atari, for me, i don't know, pong, centipe centipede, go out of business every few years, filing chapter 11, trying to separate from their french parent company and emerge as a digital gaming company. i sort of grew up, i don't know if they did frogger or not, but all the games that we knew as children of the '80s. back to you. >> all right, brian, thanks very much. look at my t-shirt. how cool is that? i love it! the dubliner. be sure to reach out to us on twitter @joenbc an and @morningmika. we'll be right back live from the dubliner. i will not drink that. >>
interesting comments from phil mickelson, talking about his tax rate in california going up to 13%. he says a couple days ago that he has to pay now 62% to 63% in taxes, he might retire from golf, might leave california, might leave the country. he has since, late last night, reportedly backtracked on those comments and some say there's no way to humanly pay that much in taxes. but it raised an interesting point, not great pr for a guy whose net worth is more than $150 million. but he is a...
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Jan 23, 2013
01/13
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to war, you would raise taxes to pay for it. i just think the republican party has to come to terms with the fact that this is not within the mainstream of america. even when they did polling on exit polling in 2010, the majority of the people, with the conservative electorate said raise taxes on the wealthy. whether you agree with that or not, i'm telling you that's the country-- >> they just did, kirsten. >> megyn: raised taxes on everybody, and a lot of people were surprised to find out it wasn't just the rich and people are still complaining about the fact. >> that's right. >> megyn: that they lost, a nice chunk of their paychecks, a lot of folks around here, we won't look, we don't want to look at our paychecks and know how much has come out. not just the rich folks. anyway, that's a debate for another day. ladies, thank you very much. >> a pleasure, thank you. >> megyn: a possible change in d.c. school standards shining new light on whether students are coming up short in america's education system. why not? if you're stru
to war, you would raise taxes to pay for it. i just think the republican party has to come to terms with the fact that this is not within the mainstream of america. even when they did polling on exit polling in 2010, the majority of the people, with the conservative electorate said raise taxes on the wealthy. whether you agree with that or not, i'm telling you that's the country-- >> they just did, kirsten. >> megyn: raised taxes on everybody, and a lot of people were surprised to...
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Jan 26, 2013
01/13
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fair share that's sort of code for raising taxes on the rich. republicans have already agreed to that once. it will be very hard to get them to do that again. final lit first thing he talked about encouraging businesses to create more jobs and pay better wages, i mean that's just going to take time. they'll be paying better wages when the economy improves and americans upgrade their skill set. that's not something that's going to happen overnight. maybe we'll see some improvement over the four years. >> all right, chris. they are laying out on the other side republicans what they'd like to do. let's listen and i'll bring you in. >> our nation's total debt is now larger than our entire economy. this means that every man, woman and child owes a $53,000 share of this debt. that level of spending is unsustainable. a major credit rating agency has already downgraded our nation's credit once. if we don't start making some real progress on spending reforms, more downgrades are likely in the near future. >> all right, chris. we've got sequestration comi
fair share that's sort of code for raising taxes on the rich. republicans have already agreed to that once. it will be very hard to get them to do that again. final lit first thing he talked about encouraging businesses to create more jobs and pay better wages, i mean that's just going to take time. they'll be paying better wages when the economy improves and americans upgrade their skill set. that's not something that's going to happen overnight. maybe we'll see some improvement over the four...
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Jan 22, 2013
01/13
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KQED
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he talks about collective action they hear big government, when he talks about investment they hear taxes and when he talks about takers which he did in the speech, that's a loaded word. it aims right at paul ryan who talked about takers versus makers, the takers being the one who receive federal benefits but pay no federal income tax. that's a shot. that's not just language that's slipped in. so that's the sense in which this had a combative -- there were a few barbs in this speech. >> one of the moments in the campaign when the president was office balance was when he said you didn't build it, talking about small business. that was one of the big themes of the speech saying you need collective action in order to get anything done. again, not new but laying down real markers act the fact that he's going to night the second term for a progressive vision based on those historical touchstones john mentioned and a program that is based on things that right now republicans have no interest in working with him on. in terms of gun control and climate change, immigration and budget stuff differe
he talks about collective action they hear big government, when he talks about investment they hear taxes and when he talks about takers which he did in the speech, that's a loaded word. it aims right at paul ryan who talked about takers versus makers, the takers being the one who receive federal benefits but pay no federal income tax. that's a shot. that's not just language that's slipped in. so that's the sense in which this had a combative -- there were a few barbs in this speech. >>...
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Jan 23, 2013
01/13
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and making the tax code simpler, making tax coat fairer. we're going to take care of the meat and potatoes issues over here. we're going to take care of making social security stronger. you guys pass your global warming plan over there. we're going to focus on getting americans back to work. go ahead, handle all the social issues -- >> what's interesting, what you're outlining, and i think it's probably a smart play for the republicans, is a reversal of the two chambers. usually it's the senate that's the cooling saucer for legislation. >> right. >> you're saying, let's let the house being the cooling saucer for democratic-sponsored legislation, focus on spending stuff in its own time. >> but the president, sam, laid those out as democratic priorities. >> yeah, sure. >> in his inauguration, he said, these are my top priorities. and that's great. the fantastic thing is for the president, he's got harry reid running the democratic senate, so let them run the president's priorities through there, and republicans that control the house can focu
and making the tax code simpler, making tax coat fairer. we're going to take care of the meat and potatoes issues over here. we're going to take care of making social security stronger. you guys pass your global warming plan over there. we're going to focus on getting americans back to work. go ahead, handle all the social issues -- >> what's interesting, what you're outlining, and i think it's probably a smart play for the republicans, is a reversal of the two chambers. usually it's the...